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Base rate change, March 2023

Date published: 23 March 2023

Read time: 1 minute

Following the Bank of England’s decision on 23rd March to increase the base rate of interest by 0.25% to 4.25%, we are in the process of reviewing our savings and mortgage rates.

Members with savings or mortgage accounts that are directly linked to the Bank of England base rate will see their rates change in accordance with their account terms and conditions.

We recently increased selected savings rates in response to the 2nd February base rate rise. The updated rates, which took effect from 6th March, can be found here.